Outlook 02/22: U.S. stock futures point to another weak open for today's session. This week will monitor the latest developments out of Washington, with House Democrats hoping to finalize a $1.9T stimulus package. A pickup in inflation could eventually prompt the Fed to raise short-term interest rates, though most traders don't see that happening in the near term. Also keep an eye on Jerome Powell, who is expected to reiterate a commitment to super-easy monetary policy in his semi-annual testimony before Congress this week.
/ESH21 Value: YVAH 3921 YPOC 3907 YVAL 3898 GAP 3898.50
/ES Plan: Last session market closed bimodal balanced, but overnight looks more bearish (PBT 3833), moving below yesterday's range, so these are the initial balance options for today:
